Parkland (TSE:PKI) Given New C$44.00 Price Target at Scotiabank

Parkland (TSE:PKI) had its price objective reduced by Scotiabank from C$52.00 to C$44.00 in a research note published on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research analysts also recently commented on PKI. Raymond James cut their target price on Parkland from C$47.00 to C$45.00 and set an “outperform” rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. cut their price objective on shares of Parkland from C$58.00 to C$55.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. Canaccord Genuity Group decreased their target price on shares of Parkland from C$45.00 to C$42.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. TD Securities cut their price target on shares of Parkland from C$52.00 to C$50.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Finally, ATB Capital decreased their price target on shares of Parkland from C$46.00 to C$45.00 and set an “outperform” rating on the stock in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$45.54.

Parkland Trading Down 0.3 %

TSE:PKI opened at C$38.17 on Tuesday. The company has a market cap of C$6.66 billion, a P/E ratio of 27.50, a P/E/G ratio of 11.79 and a beta of 1.33. Parkland has a 1 year low of C$30.09 and a 1 year high of C$40.97. The company has a debt-to-equity ratio of 199.87, a current ratio of 1.39 and a quick ratio of 0.73. The stock’s fifty day moving average price is C$34.79 and its two-hundred day moving average price is C$34.57.

Insider Transactions at Parkland

In related news, Senior Officer Darren Robert Smart sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of C$36.76, for a total value of C$183,800.00. Also, Director Nora Duke purchased 2,800 shares of Parkland stock in a transaction on Monday, March 10th. The shares were acquired at an average price of C$35.50 per share, for a total transaction of C$99,388.24. Company insiders own 20.51% of the company’s stock.

Parkland Company Profile

Parkland Corp distributes and markets fuels and lubricants. Refined fuels and other petroleum products are among the variety of offerings the company delivers to motorists, businesses, consumers, and wholesalers in the United States and Canada. Parkland operates through several subsidiaries that are either company owned-and retailer-operated, dealer-owned and dealer-operated, or dealer-cosigned and dealer-operated.